Litigation
Oct. 27, 2015
Proposed CFPB rules herald policy fight
The U.S. Consumer Financial Protection Bureau will consider new regulation to bar class waivers in some forced arbitration agreements, prompting strong debate not only over forced arbitration, but also the merits of class actions themselves.
Daily Journal Staff Writer
The relatively young U.S. Consumer Financial Protection Bureau is tackling one of the tasks mandated in the legislation that created it: Studying and deciding how to regulate forced arbitration clauses in contracts for the financial products and services the bureau oversees.
The bureau announced in early October that it would consider new regulation to bar class waivers in such arbitration a...
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